This summer, the monster toy Labubu charmed the world with its cute and chaotic energy, commanding resale markups that would make day traders or Rolex flippers blush. One secret blind box edition was selling for over 2,000% above retail prices, according to Nomura. Last month, robbers in California staged a $30,000 heist. Now, there are…
Labubu toys packaging are seen at a souvenir store in Krakow, Poland on August 21, 2025. Jakub Porzycki | Nurphoto | Getty Images Even Confucius is getting in on China’s “blind box” craze. At the main temple in Beijing to China’s greatest sage, the souvenir shops sell a range of “blind boxes,” gifts packaged in…
Customers line up in front of the Laopu Gold Store in Shanghai, China, February 27, 2025. Cfoto | Future Publishing | Getty Images Shares of Laopu Gold fell to their lowest levels since May 20 after the Chinese jewelry upstart forecasted its net profit for the first half of 2025 would increase between 279% and 288% year over…
The global flagship store of Pop Mart, a Chinese toymaker and seller, at Nanjing Road Pedestrian Street on Aug. 16, 2022, in Shanghai, China. Vcg | Visual China Group | Getty Images Shares in Pop Mart International tumbled over 6% on Wednesday, a day after the toymaker issued a bullish first-half earnings forecast. The Beijing-headquartered…
An exhibition room at Pop Mart’s theme park, Pop Land, in Beijing, on June 18, 2025. Pedro Pardo | Afp | Getty Images Beijing may have warned against “blind box” toys, but analysts are betting that Pop Mart International — the company behind Labubu dolls — will remain one of China’s hottest consumer brands this…
